Madison Senior Center Foundation Inc

Analysis

Madison Senior Center Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Madison Senior Center Foundation Inc reported income of $52k and spending of $33k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $78k to $52k (-32%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madison Senior Center Foundation Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within WI. Charities of a similar size with the same main cause include Fong & Lee Foundation Inc ($52k), Cultivate Goodness ($52k) and Forever Families Home Study Agency Inc ($52k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 59% of the total. At year end it held assets of $841k against liabilities of $0, net assets of $841k.